The price of XRP has slightly slid below the $0.60 level after a minor upsurge, leading to questions of whether the bulls are preparing for another assault. The latest price performance by XRP was $0.61, only to retrace back as it tested levels of confidence and market support. This move below $0.60 insinuates that XRP faces tremendous resistance at this level, although market signs indicate possible bullish activity in the offing. At press time, XRP was trading at $0.597, a 2.03% decline from the 24 hour high. XRP/USD (Source: CoinMarketCap) Following an initial push past $0.60, the cryptocurrency eased slightly…

Bitcoin (BTC) has experienced a notable price recovery, rising by over 4% in recent trading sessions. As of press time, Bitcoin’s price climbed to $60, 600 during the Asian session, marking a second consecutive day of gains. This rise has brought Bitcoin back to the doorstep of a crucial resistance area, but the cryptocurrency is still within a broad sideways trading range between $57,000 and $62,000, which has been in place for the last 10 days. BTC/USD Source: CoinMarketCap On-Chain Data Indicates Increased Accumulation Recent data shows that Bitcoin addresses containing between 100 to 1,000 BTC have been increasing their…

Ripple’s XRP token recorded a significant surge over the weekend to trade above $0.57. This was a 6% increase in price, which was attributed to increased trading volume and market capitalization. The increased trading activity, with volume up by 96% to $906,716,991 reflects increased investor interest. At press time, XRP was trading at $0.585, a 3.94% surge from the intra-day low of $0.5623. The market capitalization also rose by 2.29%, showing that more investors’ confidence backs the price appreciation. Source: CoinMarketCap Both the increase in the trading volume and the price rise are generally considered a bullish indicator. This trend…

Bitcoin’s (BTC) price has been following the same trends seen in previous US election years, which could suggest a large shift in the near future. A crypto analyst has compared the situation when prices were flat and went down with the previous situations during the 2012, 2016, and 2020 elections. Similar Patterns in Previous Election Years Cryptocurrency analyst Matthew Hyland has pointed out that the current price trends of Bitcoin resemble those observed in the years of the US presidential elections. As per Hyland, the recent extended period of consolidation in Bitcoin and then the decline that took the cryptocurrency…

Bitcoin price has shown a strong recovery today, rising by 4% to trade above $58,000, having fallen to $56,150 the previous day. This recovery came after the release of new unemployment data in the United States, which seemed to cause some turbulence in the cryptocurrency market. Long and short traders experienced difficulties, with the market experiencing significant liquidations of around $75 million within a single day, as obtained from CoinGlass. #Bitcoin Sweeping masterclass today. 🧹 https://t.co/BAsNiBtGgM pic.twitter.com/aSgdofq2m0 — Daan Crypto Trades (@DaanCrypto) August 15, 2024 The intense fluctuations were observed by the members of the market who pointed out the…

Shiba Inu (SHIB) has had a downward trend and high fluctuation in the market in the recent weeks. However, the recent analyses indicate that the meme coin may be on the verge of a massive rally, with some analysts expecting a price increase of up to 116%. Strong Support Levels Indicate Potential Rebound Shiba Inu has been trading on some important supports which could act as a bounce back point for bulls. According to TradingView, MMBTtrader, there is robust daily support for SHIB at the $0.00001 level while there is another support level slightly above the $0.000005 level.  Such levels…

Although Bitcoin (BTC) had a bearish opening in the day, it was able to find support at the intra-day low of $58,506 and has since managed to get back above $60,000. Consequently, the price of Bitcoin had risen sharply to $61,500, which was 3% higher than the earlier low. This movement has boosted the bullish outlook in the market, notwithstanding the recent fluctuations. At press time, BTC was trading at $60,890.  Source: CoinMarketCap In the afternoon, Bitcoin saw an increase in the price, getting to rise all the way to almost $61K  again. This strong rise suggested that buyers were…

Pepe Coin (PEPE), a meme token built on the Ethereum network, has experienced significant on-chain transactions within the past few days and volatile trading dynamics. PEPE is now standing at $0.000008 as of August 13, 2024 with a 24 hour volume of $706,684,502. However, its market cap stays around $3.37 billion despite losing 4.35% over the last day.  Source: CoinMarketCap Concurrently, technical indicators and whale accumulation are causing analysts to predict that PEPE may rise by anything between 100-300%. Whale “cookislandstrust.eth” Buys 420 Billion PEPE Tokens The crypto market has been abuzz following a significant accumulation of PEPE by a…

Over the past 24 hours, Solana (SOL) has ended up in a bearish rally, with prices fluctuating between an intra-day high of $155.44 and an intra-day low of $141.35. The cryptocurrency is exchanging hands at $147.50, representing a 5.02% fall within the last day.  SOL/USD price chart (CoinMarketCap) This SOL decline has been accompanied by a decrease of 4.99% in the market capitalization bringing it to around $68.84 billion. However, trading volume has surged by 125.77%, hitting about $3.08 billion, reflecting increased activities on the market amidst changing prices. Resistance and Support Levels Signal Market Uncertainty In this case, Solana…

Bitcoin price has recovered despite a bearish trend earlier in the day. After the support was established at the intra-day low of $60,423.92, bulls swept in to seize market control. However the bullish steam waned after resistance at the 24-hour high of $61,778 proved too stiff to breach. At press time, BTC was exchanging hands at $61,139, a 0.50% surge from the intra-day low.  Source: CoinMarketCap The day’s trading of Bitcoin was characterized by high levels of fluctuations. Following a dip to around $60,500, the price rallied, although this increase waned as it neared the $61,500 to $62,000 mark. Thus,…